tracking Obama proposed tax increases

[DrLeftover]

“History tells us what Obama was able to do. This list reminds us of what Obama wanted to do,” said Grover Norquist, president of Americans for Tax Reform.

The number of proposed tax increases per year is as follows:

-79 tax increases for FY 2010

-52 tax increases for FY 2011

-47 tax increases for FY 2012

-34 tax increases for FY 2013

-137 tax increases for FY 2014

-93 tax increases for FY 2015

Perhaps not coincidentally, the Obama budget with the lowest number of proposed tax increases was released during an election year: In February 2012, Obama released his FY 2013 budget, with “only” 34 proposed tax increases. Once safely re-elected, Obama came back with a vengeance, proposing 137 tax increases, a personal record high for the 44th President.

http://www.atr.org/obama-has-proposed-442-tax-hikes-taking-office

 

[DrLeftover]

The President's 2015 budget increases taxes to record levels, BUT....

For 2014 and 2015, the deficit would be about
$500 billion, or 3 percent of gross domestic product
(GDP). Under the President’s policies, deficits would
generally increase in subsequent years through 2024
in nominal dollars, growing to between roughly
$700 billion and $800 billion at the end of the
period.

http://www.cbo.gov/sites/default/files/cbofiles/attachments/45230-APB_1.pdf